JD Sports posts higher sales but weaker profit for FY26

JD Sports reported higher gross for fiscal twelvemonth 2026 (FY26), contempt ongoing unit connected user spending and wider challenges crossed the retail assemblage portion nett declined from the erstwhile year.

For the twelvemonth ended 31 January 2026, gross accrued 10.5% to £12.66bn ($17.23bn).

Profit earlier taxation and adjusting items fell 7.7% to £852m.

Operating nett earlier adjusting items and aft involvement connected lease liabilities fell 5.4% year-on-year (YoY) to £886m successful FY26, from £937m successful FY25.

Operating borderline connected the aforesaid ground narrowed to 7.0% from 8.2%. On a statutory basis, operating nett declined 12.8% to £787m.

Organic income roseate 2.1% astatine changeless speech rates, supported by maturation crossed each regions isolated from the UK.

Like-for-like (LFL) income decreased 2.1%, which the institution said was successful enactment with expectations.

The radical said wide gross maturation benefited from contributions from the Hibbett and Courir acquisitions completed successful the anterior year.

Apparel recorded stronger integrated maturation globally, expanding astir 5% YoY, portion footwear income remained broadly level arsenic merchandise cycles shifted during the year.

JD Sports added that the moving class continued to summation momentum.

Online show remained positive, with integrated integer income expanding 12.2% successful North America and 3.8% successful Europe.

The retailer attributed this maturation to ongoing concern successful omni-channel capabilities, merchandise ranging and exertion platforms.

Looking ahead, JD Sports said first-quarter integrated income for FY27 were level YoY, portion LFL income declined 2.3% successful the play to 25 April 2026.

The institution said subdued trading conditions are expected to proceed and that it is monitoring geopolitical developments and their imaginable interaction connected user demand.

JD Sports CEO Régis Schultz said: “Whilst we proceed to expect muted marketplace maturation successful FY27, we stay assured successful JD Group's medium‑term trajectory, underpinned by our beardown marque partnerships and agile, multi‑brand model.

“For the twelvemonth ahead, we are focused connected further enhancing and optimising our merchandise offer, lawsuit acquisition and store footprint, and delivering beardown outgo and currency subject - successful essence, 'controlling the controllables'.”

For FY27, JD Sports expects nett earlier taxation and adjusting items to beryllium betwixt £750m and £850m, portion escaped currency travel is forecast astatine £460m to £520m.

The retailer said it volition proceed advancing its 5 strategical priorities during FY27, including strengthening merchandise assortment, improving store productivity, completing its planetary e-commerce replatforming, expanding AI adoption and expanding data-led lawsuit personalisation.